Business Tax

Latest news

Image for french court rules google not liable eu11bn disputed taxes

Tax | French court rules Google not liable for €1.1bn disputed taxes

Google will not face a €1.1bn (£970m) bill in France after Administrative Court of Paris rejected claims by the country’s tax authorities that the search engine and technology giant exploited loopholes to divert profits abroad, reports Calum Fuller

13 Jul 2017

Image for us tax reform trumps repatriation tax

Tax | US tax reform: Trump’s repatriation tax

US tax reform is closer than ever with President Donald Trump proposing a one-off 10% repatriation tax on offshore income. Michael Minihan, principal and Ian Boccaccio, principal and practice leader of international tax at Ryan provide key items for evaluating foreign earnings and profits

12 Jul 2017

International Tax

Image for corporation tax online service will reflect loss relief rules end autumn 2017

Tax | Corporation tax online service will reflect loss relief rules by end autumn 2017

HMRC has confirmed that new rules on carried forward losses will not be reflected in the Corporation Tax online service and CT600 return form until the end of autumn 2017 as the measures were dropped from the truncated Finance Act 2017 enacted before the June general election

11 Jul 2017

Law and Regulation

Image for oecd publishes updated transfer pricing guidelines

Tax | OECD publishes updated transfer pricing guidelines

The OECD has released the 2017 edition of its transfer pricing guidelines, which have been updated to reflect the work carried out as part of its Base Erosion and Profit Shifting (BEPS) project to ensure that multinationals’ taxable profits are not artificially shifted out of some jurisdictions, and that their tax base reflects the economic activity undertaken in a particular country

11 Jul 2017

International Tax

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Tax | Rise in number of foreign government requests for HMRC tax evasion assistance

HMRC received 2015 requests for help with investigations into taxpayers from foreign governments in 2016, up 24 % on the 1619 requests received in 2015, as authorities step up efforts to stop tax evasion, according to research from Pinsent Masons

10 Jul 2017

Image for property business tops tax defaulter list owing ps45m

Tax | Property business tops tax defaulter list owing £4.5m

The updated list of major tax defaulters has been published by HMRC with a property development and hotel business topping the list owing £4.5m in penalties, while less serious offenders include a range of cafés, takeaways and restaurants among others

10 Jul 2017

Image for messi tax fraud sentence reduced fine

Tax | Messi tax fraud sentence reduced to fine

Barcelona football star Lionel Messi has had his 21-month prison sentence for tax fraud scrapped and replaced with a €252,000 (£222,000) fine by the Spanish courts

10 Jul 2017

International Tax

Image for oecd reports major progress fairer international tax system

Tax | OECD reports ‘major progress’ on fairer international tax system

The OECD is claiming major progress towards the goal of creating a fairer international tax system, with countries collaborating to close down loopholes, improve transparency and ensure that multinational enterprises pay tax where they carry out their activities, according to its latest report to G20 leaders

6 Jul 2017

International Tax

Image for sowing seeds eisseis change

Tax | Sowing the seeds for EIS/SEIS change

With private equity still wary of lending, Smith & Williamson business tax partner Ray Abercromby explains that there was an increased interest in tax-advantaged investment structures, particularly the Enterprise Investment Scheme (EIS) and its earlier stage cousin, Seed EIS (SEIS)

6 Jul 2017

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Tax | MEPs pass country-by-country reporting rules

The European parliament has passed a directive requiring multinationals to publicly disclose information about the tax they pay in each country they operate, in a measure aimed at tackling tax avoidance and profit shifting

5 Jul 2017

International Tax

Law and Regulation

Image for hmrc claims victory rangers ebt big tax case

Tax | HMRC claims victory in Rangers EBT ‘big tax case’

HMRC has won a seven-year legal battle over the use of employee benefit trusts (EBTs) as a means of paying players and staff at Rangers football club, with the Supreme Court handing down a ruling that the payments should be classed as ‘earnings’ rather than loans, and are therefore taxable under PAYE

5 Jul 2017

Law and Regulation

Image for government must hold nerve fiscal policy says hammond

Tax | Government ‘must hold nerve’ on fiscal policy, says Hammond

Chancellor Philip Hammond has pledged to hold firm on the government’s existing tax, economic and fiscal policies, despite pressure to spend more on public services and public sector workers

4 Jul 2017

Image for ots pushes simpler corporation tax regime

Tax | OTS pushes for simpler corporation tax regime

The Office of Tax Simplification (OTS) has published a range of recommendations for overhauling the corporation tax regime for both small and large businesses, with the aim of making calculations simpler, including fewer changes and more time to plan

4 Jul 2017

Accounting Standards

Financial Reporting

Image for salary sacrifice getting grips post april 2017 rule changes

Tax | Salary sacrifice: getting to grips with post April 2017 rule changes

Salary sacrifice can still be a useful tool for employers wanting to recruit and retain key employees, but the new rules introduced from April 2017 may add complexity for those employers who still choose to use such schemes, warns Meg Wilson CTA

4 Jul 2017

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Tax | Tax updates: July 2017

This month's review of tax cases and tax news including Ingenious to appeal tribunal decision, summer Finance Bill before July recess, IR35 guidance for off-payroll medics, electric car mileage, South African diver caught by UK tax

3 Jul 2017

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Tax | Tax liability and business entertainment – NEW CPD module

This month's CCH Daily CPD module looks at the tax treatment of business entertainment, the relevant principles and the exceptions, with detailed advice on the types of expenses which can be claimed under relevant tax law

30 Jun 2017

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Croner Intelligence: a day in the life

Q&A: tax on property business profits

Croner Intelligence: created by experts, powered by AI

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